Centre strangulating Kerala by cutting down financial grants: Kerala FM

The ruling Left government in Kerala is now planning to rope in the Congress-led opposition to stage a joint protest against the Centre on this issue

K N Balagopal, Kerala FM
K N Balagopal
IANS Thiruvananthapuram
2 min read Last Updated : May 27 2023 | 10:16 PM IST

Kerala Finance Minister K.N. Balagopal alleged on Saturday that the practice now being followed by the Centre is to strangulate the state by cutting down on its rightful share of grants and loans.

"This is done for obvious political reasons, and is a challenge for the people of Kerala. There should be a protest against this attitude of the Centre. Reducing the grants and the cutting down on loans will bring the development of the state to a grinding halt," Balagopal said.

The ruling Left government in Kerala is now planning to rope in the Congress-led opposition to stage a joint protest against the Centre on this issue.

Incidentally, during the present fiscal, the limit of availing loans was fixed at Rs 32,440 crore. But permission so far has been given to avail loans of only Rs 15,390 crore.

In the previous fiscal, the limit was Rs 23,000 crore.

Meanwhile, Union Minister of State for External Affairs, V. Muraleedharan, said that Pinarayi Vijayan could have brought this issue to the attention of Prime Minister Narendra Modi during the Niti Aayog meeting on Saturday, but the Chief Minister boycotted the meet.

"The Kerala government should come clear with its financial position. I wish to know if the loans are being availed for state minister's to go on foreign trips? We recently heard that the state government's representative in Delhi is being paid an honorarium of Rs 1 lakh. I wish to know if loans are being availed for such purposes," Muraleedharan said.

--IANS

sg/arm

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

Topics :Keralacentral governmentState revenues

First Published: May 27 2023 | 10:16 PM IST

Next Story